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VietNamNet Bridge – In the West, the life of many retired politicians becomes busier than the time they were on active service. They are engrossed in writing memoirs, speaking at conferences, talking with the audience, etc. to earn hundreds of thousands of USD. They are also busy as high-class advisors for big groups. How about Vietnam? What are retired Vietnamese politicians doing?

Self-business

Nguyen Thi Binh, former Vice President.

Self-business includes selling specific products and service as well as brainpower and reputation. Not only in Vietnam but in the world, this is always a “sensitive” field for any politician. But do politicians involve in business?

They don’t directly do business but they “sell” their brainpower and reputation through working as high-ranking advisors or speakers at big groups and organizations.

International, former US President Bill Clinton is the most successful example. He is now a high-ranking advisor for Infor USA. He is also the author of “My Life” – a memoir that was sold well. He also earns a lot of money from speeches. In 2004, he earned $1 million from “My Life”. In 2007, Bill Clinton earned more than $10 million, 68 times higher than his wife – Senator Hilary’s salary (over 150,000) and his retired pension (around $152,000).

In Vietnam, retired politicians don’t make money from speaking at events or writing memoirs. They only write analysis or short articles for big online newspapers or prestigious blogs to show their viewpoints or to contribute their opinions as a citizen.

Participating in social and charity activities is a way for retired politicians to play the role of a normal citizen, which they could not perform when they were at office.

“There are many forms of social and charity activities in the world, for example the foundation of former US President Bill Clinton,” said Bui Tien Dung, former Central Party Committee’s member, Party Secretary of Thai Binh province.

In Vietnam, retired politicians are also interested in social activities. For instance, former Vice President, Nguyen Thi Binh is campaigning for a social foundation for children.

Tran Xuan Gia, former Minister of Planning and Investment.

Dung told VietNamNet that he participated in some social activities of the Thai Binh Foundation, including free meals at Thai Binh Hospital, teaching English for poor children and others.

Late Prime Minister, Vo Van Kiet is also a good example. After retirement, he used to visit and help people in the Mekong Delta.

However, not many retired politicians in Vietnam participate in social activities though this is a suitable job for them.

Some retired politicians still work as experts or advisors for the government or companies.

Former Governor of the Central Bank, Cao Sy Kiem is now Vice Chair of the National Advisory Council on Financial and Monetary Policy.

Former Minister of Planning and Investment, Tran Xuan Gia is President of the Asian Commercial Bank (ACB).

Former Deputy Minister of Natural Resources and Environment, Dang Hung Vo is high-ranking advisor for the General Department of Land Management and independent advisor for many international development organizations.